House Bill 23-1002 would cap the cost of a two-pack of epinephrine auto-injectors at $60 starting in 2024. Read more from Meghan_Lopez:
For being just 14 years old, Jackson Pugh is really responsible. He and his younger sister have a life-threatening allergy to peanuts.
Both Jackson and his sister require epinephrine auto-injectors for their allergy. Their mother, Keri, says that can be expensive since they have to leave one at school and carry another with them throughout the day. The average cost of name brand EpiPens has also increased significantly over the years, going from roughly $90 in 2006 to $690 in 2022, despite the fact that it still costs about $8 to create, according to CEDP.
“We believe that those who are trying to access life-saving medication like EpiPens should not be subjected to unlimited price gouging and monopolization that puts this life-saving medication out of reach,” said Rep. Javier Mabrey, D-Denver. “As a whole, we are against any kind of artificial cap on products or benefit coming from the legislature,” said Brandon Arnold, the associate director of the Colorado Association of Health Plans. “With the way the bill is crafted now, all putting a cap on the copay does is move the exorbitant prices that the manufacturer is charging for the drug at the counter to wrapped into premiums for all Coloradans.
Arnold insists that health insurance carriers want to help reduce costs for families, he just doesn’t believe this is the way to do it.
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